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Do you live in a development that has a homeowners association? Chances are, if you don't, you know someone who does. 25 million Americans live in homes affected by homeowners associations. There are 350,000 HOAs around the country and many are having problems getting claims and liens for unpaid dues satisfied when foreclosures happen.
Imagine not having the funds to pay for community services such as trash, building insurance, snow removal, or even yard care? This is the plight that has been faced by many associations over the last few years. Foreclosed properties and delingquent HOA dues have perpetuated a crisis within associations across America.
On this episode of The Property Beat, hosts Cliff Perotti and Jonathan D Nicholas will be joined by Ivan Choi, SVP at national asset firm Matt Martin Real Estate Management. MMREM owns Sperlonga Data and Analytics, a company that has come up with the nation's first solution to get HOAs paid at no cost to them, so they can keep their communities funded and well maintained.
It's good to talk.